AU Small Finance Bank Shares Soar 2% on Plans to Apply for Universal Bank Licence
Shares of AU Small Finance Bank Ltd soared 2% on 26 July after the bank announced that they would apply for a universal banking licence...
Tag : Reserve Bank of India (RBI)
Jio Financial Secures RBI Approval to Become a Core Investment Company, Shares Trading Flat
Shares of Jio Financial Services are trading flat at Rs 351.35 on 12 July despite the company announcing in an exchange filing that it received...
RBI Reported: Rs 2,000 Notes worth Rs 7,571 crore Still Available in the Indian Economy
The Reserve Bank of India (RBI) said on July 1, 2024, Monday, that by June 28, 2024, the total value of Rs 2000 banknotes in...
RBI released 29th Issue of the Financial Stability Report (FSR): Key Highlights
Today, on June 27, the 29th issue of the Financial Stability Report (FSR) was published by the Reserve Bank of India (RBI). This report provides...
Food Prices Continue to Surge Despite Retail Inflation Eases in April
Government data showed that food prices continue to remain elevated despite India’s retail inflation rate easing slightly in April due to lower fuel prices. The annual retail...
Bank of Baroda Shares Surge 3% as RBI Onboarding New Customers Via App
Shares of Bank of Baroda were trading in the green and 3% higher on 9 May after the company received approval from the Reserve Bank...
Kotak Mahindra Bank Shares Crash 13% Post RBI Action
Shares of Kotak Mahindra Bank Ltd crashed 13% and hit a 52-week low of Rs 1,602 on 25 April after the Reserve Bank of India ordered the...
Paytm Payments Bank and RBI: Unfolding Narrative and Challenges
Since the Reserve Bank of India (RBI) barred Paytm Payments Bank Ltd (PPBL) from accepting any more deposits from February 29 due to “persistent non-compliance”,...
IIFL Finance Shares Sank 20% as RBI Inspects and Orders to Cease Providing New Gold Loans
Shares of IIFL Finance dropped 20% after the Reserve Bank India (RBI) instructed the company to cease sanctioning and disbursing new gold loans immediately due...
Paytm Shares Locked at 5% Upper Circuit Over RBI’s Deadline Extension, Axis Bank Partnership
Shares of One 97 Communications Ltd, the parent company of Paytm, were locked at a 5% upper circuit for the second straight day after the...